MMP Industries Ltd. (IN:MMP)
:MMP
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MMP Industries Ltd.
(MMP)
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Rating:55Neutral
Price Target:
₹275.00
▲(1.12% Upside)
Action:Reiterated
Date:06/03/26
The score is held back mainly by weak and inconsistent free cash flow and rising leverage, despite strong revenue growth and improved gross margin. Technicals and valuation are both mixed-to-neutral, offering neither a strong momentum tailwind nor a clear valuation cushion.
Positive Factors
Revenue Growth
Sustained high top-line growth (double-digit recent increases) indicates strong demand and market penetration in the aluminum segment. Over 2–6 months this supports scale economics, capacity utilization and reinvestment potential, underpinning long-term cash generation if margins hold.
Negative Factors
Weak Free Cash Flow
Inconsistent and often negative free cash flow undermines the firm’s ability to self-fund capex, reduce leverage, or return capital. Over 2–6 months this raises refinancing and liquidity risk, forces reliance on external funding, and complicates sustainable dividend or buyback policies.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high top-line growth (double-digit recent increases) indicates strong demand and market penetration in the aluminum segment. Over 2–6 months this supports scale economics, capacity utilization and reinvestment potential, underpinning long-term cash generation if margins hold.
Read all positive factors
MMP Industries Ltd. (MMP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.86B
Dividend Yield0.78%
Average Volume (3M)17.08K
Price to Earnings (P/E)22.6
Beta (1Y)1.50
Revenue Growth26.80%
EPS Growth-37.20%
CountryIN
Employees432
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)8.70
Shares Outstanding25,402,613
10 Day Avg. Volume16,142
30 Day Avg. Volume17,078
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)1.39
Price to Sales (P/S)0.58
P/FCF Ratio116.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MMP Industries Ltd. Business Overview & Revenue Model
Company Description
MMP Industries Limited, founded in Nagpur, India, in 1973, is a prominent manufacturer and supplier of aluminum-based products within India and internationally. The company organizes its operations into key divisions: Aluminium Powder and Pastes, ...
How the Company Makes Money
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MMP Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
62
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.20B | 8.24B | 6.92B | 5.78B | 5.38B | 4.48B |
| Gross Profit | 1.37B | 1.68B | 1.03B | 503.07M | 811.86M | 824.01M |
| EBITDA | 611.48M | 647.38M | 648.73M | 475.61M | 358.51M | 424.04M |
| Net Income | 221.32M | 310.09M | 388.75M | 316.40M | 213.21M | 289.86M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.25B | 5.49B | 4.35B | 3.58B | 3.35B |
| Cash, Cash Equivalents and Short-Term Investments | 109.81M | 113.08M | 109.81M | 3.72M | 20.45M | 2.29M |
| Total Debt | 0.00 | 1.85B | 1.56B | 932.24M | 575.63M | 521.50M |
| Total Liabilities | -3.23B | 2.78B | 2.26B | 1.46B | 1.01B | 971.71M |
| Stockholders Equity | 3.23B | 3.47B | 3.23B | 2.89B | 2.57B | 2.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 41.41M | -495.33M | -8.89M | 23.36M | -309.60M |
| Operating Cash Flow | 0.00 | 532.90M | 24.91M | 427.50M | 328.33M | 189.64M |
| Investing Cash Flow | 0.00 | -549.00M | -511.31M | -417.35M | -238.40M | -194.88M |
| Financing Cash Flow | 0.00 | -73.77M | 47.63M | -26.74M | -71.86M | 3.59M |
MMP Industries Ltd. Technical Analysis
Positive
271.95
Price Trends
265.88
Positive
250.67
Positive
258.34
Positive
Market Momentum
-0.14
Negative
51.50
Neutral
73.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMP, the sentiment is Positive. The current price of 271.95 is above the 20-day moving average (MA) of 269.37, above the 50-day MA of 265.88, and above the 200-day MA of 258.34, indicating a bullish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 51.50 is Neutral, neither overbought nor oversold. The STOCH value of 73.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MMP.
MMP Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹689.93B | 11.65 | ― | 3.62% | 6.29% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹6.86B | 22.64 | ― | 0.78% | 26.80% | -37.20% | |
52 Neutral | ₹1.59B | 14.54 | ― | ― | 10.97% | 10.58% | |
52 Neutral | ₹2.58B | 35.42 | ― | 0.28% | 10.76% | 24.60% | |
51 Neutral | ₹1.01B | 23.15 | ― | ― | -1.26% | 91.70% | |
48 Neutral | ₹7.61B | 57.70 | ― | ― | -0.18% | -16.84% |
* Basic Materials Sector Average
IN:MMP
MMP Industries Ltd.
269.90
14.81
5.81%
IN:CENTEXT
Century Extrusions Ltd
19.85
0.13
0.66%
IN:GOYALALUM
Goyal Aluminiums Limited
7.05
-0.99
-12.31%
IN:MAANALU
Maan Aluminium Limited
126.90
1.75
1.40%
IN:MANAKALUCO
Manaksia Aluminium Company Ltd
39.43
15.11
62.13%
IN:NATIONALUM
National Aluminium Co. Ltd.
375.65
195.48
108.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.